Except we don’t know the write-off amount under new inventory method. We only know write-off quantity.
This means write-off will decrease Less: Closing balance - Inventory on hand
amount and thus increase cost of goods sold.
Except we don’t know the write-off amount under new inventory method. We only know write-off quantity.
This means write-off will decrease Less: Closing balance - Inventory on hand
amount and thus increase cost of goods sold.